Quote:
Originally Posted by barry123400
I am no longer sure we are even in the game now. Or if we are we better start really playing harder. There will be few scraps left on the table when it settles out. I just expect it to happen faster than expected once really rolling. We might just loose totally by default.
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I assume "we" means north america? At this point, the U.S. is not really in the manufacturing business any longer, which is probably OK as long as it is in position to produce other other high value exports (i.e., intellectual property) to maintain a reasonable non-agricultural trade balance. The U.S. is simply not going to revert to an industrial economy at this point. We need to stop thinking of China as a competitor and start thinking of them as a very large consumer.